Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume

Bel Fuse Inc. (NASDAQ:BELFA) shares saw unusually-strong trading volume on Friday . Approximately 22,610 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 9,119 shares.The stock last traded at $79.75 and had previously closed at $80.70.

Bel Fuse Stock Performance

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 14.30 and a beta of 1.35. The company has a quick ratio of 2.70, a current ratio of 4.21 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $76.12 and its 200-day simple moving average is $69.92.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.19 EPS for the quarter. Bel Fuse had a return on equity of 24.29% and a net margin of 12.62%. The business had revenue of $128.09 million during the quarter.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. Bel Fuse’s dividend payout ratio is 4.26%.

Hedge Funds Weigh In On Bel Fuse

An institutional investor recently bought a new position in Bel Fuse stock. Brown Advisory Inc. acquired a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 37,774 shares of the scientific and technical instruments company’s stock, valued at approximately $2,442,000. Brown Advisory Inc. owned 0.30% of Bel Fuse at the end of the most recent quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.